Bond markets saw one of the largest shifts in a while after the U.S. Treasury said it would borrow a truly astonishing $2.999 trillion during the June quarter, five times larger than the previous single-quarter record.
Yields on 30-year bonds US30YT=RR jumped 7 basis points to 1.40%, the largest daily increase since mid-March. He noted that with rates across the globe falling to all time lows, the yen no longer had a large yield disadvantage.
Glorious numbers from our glorious leader are always 100% accurate
we believe you china lol
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